singapore stock market
Raymond Teo (September 25th, 2009) Writes:
singapore stock market ,singapore stock market news ,SINGAPORE (Dow Jones)–The Singapore dollar was lower in late Asian trade Friday on the back of overnight greenback strength and tepid showing from regional bourses.
The U.S. dollar traded in a relatively narrow range, moving between a high of S$1.4211 and a low of S$1.4157.
A trader with a foreign bank said that comments by U.S. Treasury Secretary Timothy Geithner overnight highlighting the importance of a strong U.S. dollar will lend some support to the greenback.
Still, OCBC said it sees a potential for risk appetite to resume at the expense of the greenback beyond the short term.
“Going ahead, the phasing out of the dollar liquidity programs by the central banks indicate official comfort with normalizing liquidity conditions in the wholesale market but do not indicate a move to a more hawkish stance across the board,” OCBC said in a report.
While stronger-than expected August manufacturing output ...


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